Meta Now at $474; I Missed It at $90: My Analysis Was Way Off. Here’s What I’ve Learned.

Ron Markley
4 min readFeb 4, 2024
Photo by Julio Lopez on Unsplash

If you had thrown $10,000 into Meta in November 2022, by February 2024, you’d be sitting on a huge $50,000.

Yep, the price of Meta hit a record-breaking $474, up from $90 back in 2022.

Honestly, I totally missed that chance. My analysis? Way off.

But it’s okay. I learned some things.

First, let me tell you why I didn’t buy Meta back then.

Here is my Meta memo:

Photo by Bastian Riccardi on Unsplash

Meta is a really good company, and I know it.

But I didn’t invest in Meta because Mark Zuckerberg often buys companies that are already doing well, like Instagram, or he does the same things other companies are doing but makes them better by adding some extra cheese and bacon, as he did with Snapchat.

And how about his original idea, the Metaverse? I’m also not too sure about it because it requires a lot of money to make it real.

Now, Zuckerberg is spending a ton of money on the Metaverse, but we don’t know if it will actually be successful.

It feels like a big risk, and that’s why I didn’t want to invest. It’s like throwing money down the drain and hoping it turns into something awesome someday, but that’s not usually how you turn a great idea into a huge company.

For me, I think other companies like Take-Two Interactive and Roblox are better at creating a world in which people can feel immersed, not Meta.

The results told me I was completely wrong.

Back to the present, the results have taught me that I was completely wrong.

But, to get better at investing, I think I should look closely at important investment opportunities, like trying to guess a pro poker player’s moves while watching from home.

I should write down my guesses, see what happens, and then check how my guesses match reality.